Let’s start with: China bans ICOs. Good! ICOs are complete crap. ICOs are designed to separate fools and their money. ICOs were raising millions of dollars in hours based on very short whitepapers. There is a website where you could create your own fake whitepaper to go with your make believe Crypto project and get rich overnight. Market digested and discarded China banning ICOs within 24 hours.

Next: Bitcoin hit $5,000 for first time. Then it retraced to ~$4,000. Then back to $4,700. Now trading at $4,300. Nothing like 15-20% swings in your portfolio every 12-24 hours to keep you alert and engaged in the market!

Yours truly warned about the correction when BTC was at $4,800. Unlike most of the crypto perma bulls I believe we have another correction coming. Sideways action is healthy for the charts now.

There were rumors China was “banning Bitcoin”. This has happened before. This recycled news even has it’s own South Park meme. (BTW, Crypto has the dankest memes)

China banning Bitcoin news was discredited, then confirmed, then discredited. I honestly don’t know what’s true at this point and don’t really care. This could be fake news?

China has banned Google and Justin Bieber. Doesn’t seem to affect them too much. I think Bitcoin will be fine.

Now we have renewed rumors about www.poloniex.com being close to collapsing or being seized by the government. If you have any funds on Poloniex I recommend you get your crypto/fiat out of Poloniex ASAP.

My current allocation is 80% Bitcoin Cash and 20% Monero. I believe Bitcoin Cash has more upside than Bitcoin and that privacy will be the theme of Crypto in 2018.

LTC has segwit. Again, worst or best tech depending on point of view. I think it’s crap.

I have not been watching the alts as closely as I used to so don’t have an opinion on OMG. So many parallels to the dot com mania. I’m focusing on the coins I think I will survive long term. OMG hasn’t earned that spot from me yet.

You said it man, dot com mania. Blockchain is a technological marvel w/ a lot of potential uses, however, not until ppl start discarding fiat and keep their savings in crypto tokens, i.e. BTC, it will never function as a validated currency.

You need to go post a link to this article on Zerohedge. The doomers over there get off on any piece of FUD surrounding bitcoin. No joke, an article saying “bitcoin crashes” gets 200,000 views, while one saying “bitcoin new all-time highs” gets maybe 20,000. They believe anything Tyler Durden posts over there, no one investigates beyond that.